Small, medium firms cut security budgets

Small and medium businesses have, for the most part, frozen spending on security, despite an increase in perceived threats, according to a survey released this week by security firm McAfee.

The report, McAfee's first study of the small- and medium-sized business market, analyzes surveys from approximately 100 companies in each of nine different countries, focusing on firms with 51 to 1,000 employees. The surveys found that three-quarters of firms decided to cut or freeze their spending on information security in 2009, and two-thirds of companies spent less than three hours a week on security.

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